Risk Analyst

Employer
State Street Bank
Location
Boston, USA
Salary
Competitive
Posted
Oct 29, 2019
Closes
Nov 01, 2019
Ref
6597455
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Risk Analyst,AVP Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Risk-Analyst-AVP_R-627122/apply
Job Title: Quantitative Analysis AVP

Our Company

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28 trillion in assets under custody and administration and $2 trillion in assets under management as of December 31, 2015, State Street operates globally in more than 100 geographic markets and employs 32,000 people worldwide. For more information, visit State Street's website at www.statestreet.com.

Promoting a culture of excellence

With more than 32,000 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.

Were a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us people like you.

State Street supports flexible work arrangements where determined feasible, consistent with business and operational needs. Subject to an individualized assessment of these considerations, roles may be identified as potentially suited for a flexible work arrangement. Requests for a flexible work arrangement can be made upon hire. All employees at State Street have the ability to request flexible work arrangements, with the final decision based solely on business discretion and subject to management approval. More information is available here.

We encourage you to explore the possibilities that a career at State Street can offer you.

State Street is an Affirmative Action/Equal Opportunity Employer. Applicants are considered for all positions without regard to race, color, religion, national origin, ancestry, ethnicity, age, disability, sexual orientation, gender, gender identity, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or other characteristics protected by applicable law.

Job Description

OVERVIEW

Global Treasury Risk Management (GTRM), a team within State Streets Enterprise Risk Management (ERM) department, is looking for a quantitative analysis professional with strong analytical, problem-solving and communication skills. The primary focus for the position will be risk oversight of balance sheet management and related projects that span treasury risk disciplines.

GLOBAL TREASURY RISK MANAGEMENT OVERSIGHT

Banking is a risk-taking business. The goal of ERM is to ensure that State Streets risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks possible in providing products and services to our clients. GTRM acts as the business-aligned risk function focused on these responsibilities for the activities of the Global Treasury (GT) department.

State Street Global Treasurys mission is sustainable growth in net interest revenue driven by the monetization of liabilities from custody clients and the overall management of the corporations balance sheet, both while managing risk consistent with the companys risk appetite and regulatory constraints. GT core functions include managing the investment portfolio, the balance sheet, asset-liability risk, liquidity risk, funding and liability pricing, capital structure, and rating agency relationships.

POSITION PRIMARY DUTIES AND RESPONSIBILITIES

The individual that will fill this position will have a primary focus on projects related to quantitative analysis on interest rate risk and liquidity risk:
  • Support and improve Global Treasury Risk Management (GTRM) efforts to enhance risk analytics on mark to market risk of the investment portfolio, as well as interest rate risk and liquidity risk at the balance sheet level, which includes a number of securitized asses classes (RMBS, CMBS, ABS Student Loans, ABS Credit Cards, ABS Auto loans, etc.), deposits, derivatives, etc., across major currencies and adapt to future regulatory requirements
  • Extracting, analyzing, cleaning, managing and manipulating diverse, large and complex data sets from different sources, using advanced statistical tools
  • Apply data analysis and cleaning, statistical analysis, probability, optimization analysis, simulations and other techniques to the solution of quantitative problems related to interest rate risk, liquidity risk and mark to market risk
  • Design of detailed methodology, analysis, and communication of results related to modeling behaviors, term structures, risk factors, scenarios, etc. Leverage risk management vendor packages and refine via in-house developed approaches
  • Implementation of designed models coding in different languages and connecting to different data sources and user-friendly interfaces
  • Generate and maintain documentation of existing and new methodologies, models and procedures
  • Provide periodical maintenance and ongoing monitoring to databases, models and documents related to quantitative analysis
  • Collaborate with GTRM colleagues, GT business partners and other relevant areas of the bank to incorporate capital constraints and potential policy impacts in interest rate risk, liquidity risk and mark to market risk
  • Provide support on special projects, including review, oversight and analysis to support key strategic Global Treasury business initiatives
  • Assist in development and establishment of risk limits, guidelines and policies, as needed
  • Ensure appropriate reporting and governance exists to communicate relevant risk information to senior management
  • Present methodologies, procedures, models and results to different audiences and in different formats
  • Discuss with internal and external stakeholders, including audit, business units, model validations and regulators
  • Provide feedback and guidance on methodologies, techniques, codes, models and tools to ensure alignment with internal and regulatory guidelines
    QUALIFICATION AND SKILLS
  • At least 3 years of experience in roles related to quantitative finance (model validation, model development, model audit, ALM, CCAR, etc.), including model documentation and implementation; exposure to regulatory concerns a plus
  • Degree on Quantitative Finance; CFA, FRM or PRM designation a plus
  • Background in data analysis and modeling with large amounts of data
  • Advanced knowledge of data analysis and management, calculus, statistics, probability and simulation modeling
  • Strong verbal and written communication skills, with ability to articulate effectively ideas and analysis to senior management
  • Proficiency in programming: SQL, Matlab, R and VBA/Excel; SAS a plus
  • Proficiency in the use of standard MS Office software: Excel, Access, Word, Power Point
  • Hands-on and results oriented, willingness to work in a position with uneven and high priority project work
  • Willingness and ability to master concepts quickly
  • Ability to gain trust and respect of business partners
    Additional Locations
Posted TodayFull timeR-627122
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. Its also part of our commitment to inclusion, development and engagement, and corporate social responsibility. Youll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

As an Affirmative Action/Equal Opportunity Employer, we consider applications for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. For more information, for U.S. jobs only, please read our .

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